Bay Ledger News Zonebill@blnz.comtag:www.blnz.com,2009:topics/public_financetag:www.blnz.com,2009:2013/03/22/Cyprus_study_bailout_Plan_meltdown_bc60

Cyprus is scrambling to overhaul its banking sector to avoid financial meltdown, after the European Central Bank threatened to pull the plug on emergency funding for the island's lenders.

2013-03-22T08:39:33ZAFP Global Editionby Charlie Charalamboustag:www.blnz.com,2009:2013/03/22/Cyprus_Sarris_leaves_Russia_without_5ddc

Cypriot Finance Minister Michalis Sarris left Moscow on Friday after two days of talks aimed at securing a financial lifeline from Russia without reaching an agreement.

2013-03-22T08:20:58ZAFP Global Editionby Maria Paninatag:www.blnz.com,2009:2013/03/22/Congress_stopgap_broader_budget_battle_da93

American lawmakers averted a feared government shutdown by approving a stopgap spending bill, but heated debate over future federal spending took shape as they clashed over budget plans.

2013-03-22T06:35:14ZAFP Global Editionby Michael Mathestag:www.blnz.com,2009:2013/03/22/officials_China_cooperative_NKorea_sanctions_8ec1

US officials involved in enforcing international sanctions against North Korea expressed optimism on Friday that China was willing to cooperate to disrupt financing for Pyongyang's nuclear and missile programmes.

2013-03-22T06:06:53ZAFP American EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/22/Singapore_denies_being_haven_Malaysian_4f55

Singapore on Friday strongly rejected a whistleblower's allegation that its banks facilitate massive tax evasion by a powerful family in neighbouring Malaysia's Sarawak state.

2013-03-22T05:56:39ZAFP Global EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/22/Japan_deputy_visit_China_next_cd58

Japan will send Deputy Prime Minister Taro Aso to China next month in what would be the first high-level meeting of the Asian powers' new governments amid diplomatic tensions, a report said on Friday.

2013-03-22T04:04:52ZAFP Asian EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/Cyprus_launches_banking_overhaul_meltdown_cd56

Cyprus is scrambling to overhaul its banking sector to avoid financial meltdown, after the European Central Bank threatened to pull the plug on emergency funding for the island's lenders.

2013-03-22T03:17:57ZAFP Global Editionby Charlie Charalamboustag:www.blnz.com,2009:2013/03/21/Congress_stopgap_broader_budget_battle_da93

US lawmakers approved a funding stopgap Thursday that prevents a government shutdown, but their clash over budget blueprints signaled a contentious debate over the future of federal spending.

2013-03-22T02:00:46ZAFP American Editionby Michael Mathestag:www.blnz.com,2009:2013/03/21/urges_Iraq_bolster_non-oil_sector_e5c5

The IMF forecast Thursday that Iraq's economy would grow around nine percent this year helped by surging oil production, but said Baghdad needs to do more to support private, non-oil business.

2013-03-21T22:19:05ZAFP Global EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/cuts_Cyprus_rating_banking_meltdown_ec3b

Ratings firm Standard & Poor's dealt a further blow to reeling Cyprus Thursday, cutting its credit rating as the eurozone country struggles to avoid a banking sector meltdown.

2013-03-21T21:27:18ZAFP Global EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/Congress_budget_stopgap_broader_battle_4d17

US lawmakers approved a funding stopgap on Thursday to keep the US government operating through September and took a step towards adopting a blueprint for a decade of budget austerity.

2013-03-21T21:11:39ZAFP American Editionby Michael Mathestag:www.blnz.com,2009:2013/03/21/stocks_drop_Cyprus_weak_earnings_24e0

US stocks fell Thursday, hit by uncertainty over the Cyprus banking crisis and some surprisingly weak corporate earnings.

2013-03-21T20:54:52ZAFP Global EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/cuts_Cyprus_rating_notch_CCC_f02d

Ratings firm Standard & Poor's cut troubled Cyprus' sovereign credit rating by one notch on Thursday citing "acute problems" in Cyprus's banking sector.

2013-03-21T20:24:55ZAFP Global EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/Canada_cuts_growth_forecast_4510

Canada's finance minister unveiled a no-frills budget on Thursday that aims for a return to black in 2015 despite a lower economic growth forecast of 1.6 percent for this year.

2013-03-21T20:21:32ZAFP American EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/Overhaul_Cyprus_banks_cards_meltdown_bc0d

Cyprus Thursday was examining an overhaul of its banking sector to avoid financial meltdown after the European Central Bank threatened to pull the plug on emergency funding for the island's banks.

2013-03-21T18:24:50ZAFP Global Editionby Charlie Charalamboustag:www.blnz.com,2009:2013/03/21/Cyprus_brinksmanship_could_spin_control_8fce

As the EU raised the spectre of a eurozone exit for Cyprus, experts warned on Thursday of the consequences of brinksmanship from Brussels to Moscow in the race to fix new bailout terms.

2013-03-21T17:41:29ZAFP Global EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/Official_clears_Indian_banks_money-laundering_acc9

A senior Indian central bank official cleared three private banks of money-laundering on Thursday after an undercover media investigation led to the suspension of dozens of their employees.

2013-03-21T17:31:05ZAFP Asian EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/European_stocks_retreat_disappointing_data_ce55

European stock markets slid Thursday as disappointing eurozone data and the Cyprus bailout impasse overshadowed strong Chinese economic performance.

2013-03-21T17:17:04ZAFP Global EditionBy Staff Reportertag:www.blnz.com,2009:2013/03/21/Spanish_banks_profits_after_horrific_496f

Spain's battered banks predicted Thursday they will turn a profit this year after a "horrific" 2012 in which the overall industry recorded losses for the first time in its history.

2013-03-21T17:15:44ZAFP Global Editionby Amelie Baubeautag:www.blnz.com,2009:2013/03/21/Irish_economy_grows_09_2012_556f

Ireland's bailed-out economy grew by 0.9 percent in 2012 but stagnated in the final quarter of the year, official data for the troubled eurozone nation showed on Thursday.

2013-03-21T16:32:06ZAFP Global EditionBy Staff Reporter